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Bill

HB 961

Income tax; codify and extend repealers on tax credits for certain charges for using certain port and airport facilities.

2025 Regular Session

Mississippi codifies and extends income tax credit repeals for port and airport facility charges, formalizing tax treatment for transportation businesses.

Approved by Governor
#finance #waysandmeans
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Bill Summary · HB 961

Legislative bill overview

HB 961 codifies existing tax credit repeals and extends them for charges related to port and airport facility usage in Mississippi. The bill formalizes temporary tax credit provisions that were set to expire, making them permanent or extending their duration in state tax code.

Why is this important

This legislation affects businesses using Mississippi's ports and airports by clarifying the tax treatment of facility charges going forward. The change provides certainty for transportation and logistics companies operating in the state while affecting state tax revenue projections.

Potential points of contention

  • Tax revenue impact: Codifying repeals reduces state income tax revenue; policymakers may disagree on whether foregone revenue is justified by economic development benefits
  • Business fairness: Questions about whether port and airport users deserve special tax treatment compared to other industries or transportation sectors
  • Economic development strategy: Debate over whether tax credits are an effective economic development tool versus direct subsidies or infrastructure investment

Compiled from official sources — confirm details with the bill’s official record.

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